Financial Associated Press (Shanghai, editor Shi Zhengcheng) news, with the Return on Sovereign Bonds in Europe and the United States falling, on Thursday investors' focus returned to the recovery of economic fundamentals, the three major U.S. futures index before the collective higher.
With next week's Fed FOMC meeting approaching, monetary policy remains an unavoidable uncertainty for the market in the coming days. Simon Ballard, chief economist of Abu Dhabi First Bank, pointed out that the attention of the interest rate market is largely focused on the double blow of the Fed and the expected interest rate hikes and balance sheet reductions. These issues will drive uncertainty up and drive market volatility in the coming weeks/months.
Compared with the tangled sentiment of local US stocks, Chinese stocks generally strengthened before intraday on Thursday. Driven by the strong rebound of a number of secondary listed technology stocks in Hong Kong stocks today, as of press time, Alibaba, JD.com, Bilibili, Futu Holdings, Pinduoduo and other popular stocks have risen by more than 5% before the market.
Market dynamics
As of 20:55 Beijing time, Dow futures (March 22 contract) rose 0.32%, S&P 500 futures rose 0.36%, and NASDAQ 100 futures rose 0.70%.
On the previous session, U.S. stocks once again experienced a high and low, with all three major indexes falling nearly 1%. By the close, the S&P 500 was down 0.97 percent at 4532.76 points; the Nasdaq was down 1.15 percent at 14,340.26 points; and the Dow Jones was down 0.96 percent at 35,028.65 points.
The trading European market is in a stalemate situation, and although there is a positive earnings report, the decline in energy prices and monetary policy uncertainty have dampened the market's bullish sentiment.
(The situation of major European stock indexes on Thursday, source: Investing)
Company news
[European Parliament passes bill to tighten regulation of targeted advertising on the Internet]
On Thursday, local time, the European Parliament voted to pass an amendment that restricts the use of user-sensitive data (such as race, creed, etc.) by Internet platforms for targeted purposes, while requiring these companies to provide users with a more convenient option to refuse targeted tracking, without affecting the continued use of related products. The bill also prohibits companies from delivering targeted advertising to minors and does not allow companies to "turn on" targeted tracking by default.
For Google and Facebook, the only good news today is that a proposal by the European Parliament to ban targeted advertising altogether has not been passed. In addition, the relevant bills also need to be confirmed by the parliaments of each member state.
[Amazon will open an offline "future clothing store"】
Retail giant Amazon announced Thursday that it will open its first offline clothing store in the company's history within the year, aiming to use algorithms to recommend clothing pairings to significantly improve the consumer shopping experience. It is reported that the store covers an area of about 2787 square meters, the biggest highlight is that the fitting room is equipped with a "magic wardrobe", which can prepare the clothes for consumers to scan the mobile app code in a few minutes, and the store will also prepare additional recommended clothing for customers through algorithms.
【Disney establishes an international content group to launch a localization confrontation with Netflix】
Disney announced on January 19 that it will set up an international content group, led by Rebecca Campbell, which was previously responsible for the streaming business, marking the company's efforts to promote global localization content production, which is also seen as a key factor for Netflix to gain a large number of foreign subscribers in 2021.
【27 pharmaceutical companies around the world announce the supply of cheap version of Merck's COVID-19 oral drugs】
The United Nations-backed Pharmaceutical Patent Pool (MPP) issued a statement on Thursday saying that 27 global pharmaceutical companies, including Fosun Pharma and Brilliant Pharma, have signed sublicensing agreements with MPP to produce low-priced versions of the new crown oral drug monapiravir for supply to 105 low- and middle-income countries around the world.
【American Airlines losses in the fourth quarter are less than expected, warning of the epidemic to raise costs】
After hours on Wednesday, American Airlines disclosed its four-quarter report, in which the company's revenue was $8.19 billion, doubled from $3.4 billion in the same period last year and better than analysts' expectations of $7.97 billion; adjusted EPS lost $1.6, compared to a loss of $7 per share in the same period last year, and analysts unanimously expected a loss of $2.11.
At the same time, due to the impact of the Omilon virus, American Airlines has also lowered its 2022 capacity target to lower than the 2019 level, and the previous expectation was to increase by 5%. In addition, the company also expects this year's expenses to be higher than in 2019 levels. As of press time, American Airlines was up 1.44% before market hours.
Events to watch in the U.S. stock session (Beijing time)
January 20
21:30 U.S. Jobless Claims for the Week to Jan. 15, Philadelphia Fed Manufacturing Index for January
23:00 Total U.S. house sales in December
January 21
00:00 U.S. EIA crude inventories for the week to Jan. 14
After hours, Netflix announced its financial report